Here is a 400-word summary of the article:
Sui Northern Gas Pipelines Limited (SNGPL) is facing a severe liquidity crisis due to a whopping Rs 165.256 billion in outstanding dues from the power sector. The company has written to the Chief Executive Officer (CEO) of the Central Power Purchasing Agency-Guaranteed (CPPA-G) warning that the situation may lead to international default on RLNG (Liquefied Natural Gas) supplies, posing a significant risk to its financial stability.
The outstanding dues are primarily owed by government-owned power plants, including Guddu Power (Rs 29.705 billion), Nandipur (Rs 10.331 billion), and TPS Muzaffargarh (Rs 1.362 billion), and private power plants such as Liberty Power (Rs 20.943 billion), Orient Power (Rs 1.423 billion), and FKPCL (Rs 899 million). The biggest contributor to the debt is./(38 power plants with a total of Rs 92.481 billion in outstanding dues.
SNGPL has categorized the outstanding amount into three groups: gas charges (Rs 72.654 billion), General Industrial and Commercial Consumers (GIDC) dues (Rs 688 million), and LPS (gas charges) dues (Rs 91.969 billion). The gas utility company has urged CPPA-G to take up the matter with relevant authorities to resolve the current situation, which has hindered its ability to meet its commitments towards upstream gas supplies.
The SNGPL operation manager has stated that the company is facing a severe financial crisis due to the large amount of oppressive debt and is no longer in a position to discharge its responsibilities. The outstanding dues are not only detrimental to SNGPL’s financial stability but also pose a significant risk to the financial health of other energy companies, such as Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL), which may be on the verge of an international default.
The situation has raised concerns about the sustainability of the overall financial structure of SNGPL, as the power sector is responsible for a significant portion of the company’s outstanding debt.